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Papaya Files Chapter 15, Concedes It Can’t Pay $719 Million Judgment
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Casino.org
Papaya Gaming has filed Chapter 15 under the United States Bankruptcy Code after the mobile skill gaming company was ordered to pay $719 million to rival Skillz.
In parallel, Papaya has commenced an ancillary proceeding in the District of Delaware’s U.S. Bankruptcy Court to “provide a coordinated legal framework while the appeal is pending.”
US District Judge Denise Cote ordered Papaya to pay Skillz $719 million.
Papaya, which says it no longer uses bots in its real-money head-to-head mobile skill games, is appealing Cote’s penalty.
Appeal StatusPapaya has not yet formally appealed Skillz Platform vs. Papaya Gaming, though Papaya has announced its intentions to do so.